Written answers
Tuesday, 18 December 2012
Department of Finance
Tax Reliefs
Kevin Humphreys (Dublin South East, Labour)
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To ask the Minister for Finance if he will provide in tabular form the number of persons under the age of 25, 30, 35 and 40 years respectively that availed of tax relief on pension contributions from 2007 to date in 2012 on an annual basis; and if he will make a statement on the matter. [56376/12]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that estimates of the cost of tax relief on pension contributions are compiled by reference to the aggregate amount of relief allowed and are not sub-classified by reference to age. On the basis of limited indicative age-related data available for 2010, the latest year for which it is available, the proportional age-related distribution of the numbers of all claimants for tax relief on retirement annuity contributions would be of the following order.
Claims for tax relief on retirement annuity contributions |
Age range | Percentage of total claims in age range |
---|---|
- | % |
Below 25 | 0.1 |
25-29 | 1.6 |
30-34 | 7.0 |
35-39 | 14.6 |
40 and upwards | 76.7 |
All ages | 100.0 |
Corresponding reliable data is not available for years prior to 2010.
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